Supplier management is the process of assessing supplier performance, defining and setting expectations for quality and delivery, and maintaining supplier relationships. The goal of supplier management is to ensure that suppliers meet or exceed the buyer’s expectations in terms of quality, delivery, and cost.

There are many benefits to effective supplier management, including improved quality and delivery of goods and services, reduced costs, and improved relationships with suppliers. In addition, by managing supplier performance, buyers can reduce the risk of disruptions to their own operations.